The National Company Law Tribunal has ordered the commencement of corporate insolvency resolution process of real estate company, BPTP Ltd on November 14. Rakesh Kumar Gupta has been appointed the IRP and the creditors...
Emami promoters eye sale of realty, hospital assets
The promoters of Emami Ltd expect to reduce their pledged shares in the company to 10-15% of their holding by selling the group’s hospital business and real-estate owned by the promoters and few group companies...
Barings to buy Australian private equity real estate firm Altis
U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price...
LEG says it will not buy remaining BCP stake from troubled Adler
German real estate group LEG Immobilien said it would not exercise an option to buy further shares in property investor BCP from rival Adler, which was pursuing the transaction to reduce its debt load. Adler said in May...
Sebi invites bid for sale of properties of Mega Mould, Remac Realty
Market regulator Sebi has invited bids for the sale of properties of Mega Mould India and Remac Realty India and their promoters as part of their recovery proceedings through the e-auction platform. The bidders are...
London property merger to create $6 bln West End powerhouse
Two of London’s biggest property companies agreed to merge on Thursday to create a 5 billion pound ($6 billion) estate with sites in tourist hotspots including Covent Garden, Carnaby Street and Soho that are...
Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount
Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors. Rx Propellant is a leading player in the life sciences real...
Prologis offers to buy Duke Realty in $23.7 billion deal as warehouse demand soars
Prologis Inc, a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for...
UK property firms Capco, Shaftesbury in talks on reported $4 billion merger
British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella...
HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions
HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Loyalie, which has recently been renamed as Reloy, has been...
Anarock plans ₹1,000 crore fundraise to buy proptech firms
Real estate services firm Anarock is planning to raise as much as ₹1,000 crore from private equity funds for potential acquisitions of proptech companies, two people aware of the development said. Anarock, founded by...
Avenue Supermarts buys retail space in Bengaluru
Billionaire investor Radhakishan Damani’s company Avenue Supermarts has purchased retail space in Bengaluru valued at over ₹88 crore, said two people with direct knowledge of the development. Avenue Supermarts...
